Auction Done, Towers Rising: Court Rejects Builder’s Bid to Bypass ₹125 Crore Deposit
In a blow to the original developer, the Bombay High Court has dismissed Sunshine Builders’ petition, mandating a ₹125 crore deposit to appeal the DRT’s refusal to allow late amendments challenging a 2019 SARFAESI auction. With construction advanced and third-party rights crystallised under Lodha Developers, the court prioritised statutory pre-deposit rules and equities over the builder’s claims.
India’s Higher-Education Boom Signals $100 Billion Academic Real Estate Opportunity
India’s higher-education sector is set for a massive infrastructure expansion, requiring 2.7 billion sq ft across 30,000 acres and nearly USD 100 billion in investment, driven by policy reforms, rising enrolments, and entry of global universities, according to ANAROCK Capital.
Bombay High Court Empowers Homebuyers: Grants Deemed Conveyance Relief to Society, Reinforcing Flat Owners’ Right Against Builder Delays
Bombay High Court empowers housing societies by ordering deemed conveyance in Kartik Regency case, ruling that builder defaults trigger statutory relief under MOFA — a blueprint for thousands facing non-conveyance issues.